Demand

Palantir Soars After Raising Profit Forecast on AI Demand
Business

Palantir Soars After Raising Profit Forecast on AI Demand

(Bloomberg) — Shares of Palantir Technologies Inc. jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software. Most Read from Bloomberg Palantir Chief Executive Alex Karp said on a call with analysts that the earnings report was a “historic” report for the company, which provides data […]

Business

AI Demand Powers $5 Billion in New Businesses and Massive Internet Expansion

Lumen Creates Private Networks Division to Meet New Demand DENVER, August 5, 2024 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) today, 5 billion dollars New business driven by huge demand for AI-powered connectivity. Large companies across industry sectors are rapidly securing fiber capacity as this resource becomes increasingly valuable and potentially limited due to increasing AI

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